Buying the Bills: “If I were rich and somewhat younger, and lived in Buffalo, I’d buy them in a second. But I’m not taking on new things that my heirs will want to wrestle with. There would have been a time when I would have been very tempted.”

"Warren Buffett has typically looked to acquire firms that haveconsistent earnings power, generate above-average returns on capital, have little to no debt, and have .......solid management teams. "

Ohhhh!---we were so close!

" the biggest hurdle facing Berkshire will be its ability to consistently find deals that not only add value but also are large enough to be meaningful. The other major issue facing the company is the longevity of Buffett and managing partner Charlie Munger, both of whom are octogenarians."